Friday, April 14, 2006



Yesterday I testified at the Federal Deposit Insurance Corporation hearings about the Bank of Wal-Mart and now that I'm back in the office, I want to give you an update.

First of all, thanks to your overwhelming response over the past few days I was able to walk into that room knowing that thousands of us have taken the time to write thoughtful, unique and compelling comments ... not just form letters or petitions.

I've highlighted a few of the best comments and included my own testimony here:

http://www.walmartwatch.com/fdictestimony

And there's still time to submit your own comments to the FDIC at the link below.

Your comments show the careful thought each of us has given to the issue -- and why the Bank of Wal-Mart should be stopped.

The public comment period will be open through the course of the hearings. If you haven't already, take a moment and make your own case about the Bank of Wal-Mart:

http://walmartwatch.com/tellafriend/bank

And remember, if you know of anyone who might have a unique perspective on the impact a Bank of Wal-Mart would have, be sure to forward this email to them.

One of the major arguments against the Bank of Wal-Mart is the corporate giant's troubled history of saying one thing and doing another. Last week, we were treated to another chapter in that ongoing story:

Remember Susan Chambers? At the same time Wal-Mart was trying to convince us that it offered suitable healthcare to its employees, she authored last year's infamous "secret" memo. In it, she recommended that the company increase physical activity in associates' jobs as a way to discourage unhealthy employees and lower Wal-Mart's healthcare expenditures.

Well, last week, Wal-Mart promoted Ms. Chambers to Executive Vice President of Human Resources.

Some highlights from the memo can be found here:

http://www.walmartwatch.com/chambers

When Wal-Mart rewards that type of behavior -- rather than the thousands of associates who are overworked and underpaid -- I know our work is far from over.

From the victory of Fair Share Health Care in Maryland to the reversal of Wal-Mart's emergency contraception policies, supporters like you have effected real change in the way Wal-Mart does business in our towns.

I was proud to represent you at the FDIC. Together we are making a difference.

Sincerely,

Andrew Grossman
Executive Director

No comments: